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MicroStrategy Positions To Capitalize On Upcoming Bitcoin Halving: Analyst

Benchmark analyst Mark Palmer maintained MicroStrategy Inc (NASDAQ:MSTR) with a Buy and raised the price target from $990 to $1,875. The analyst noted MicroStrategy, a levered play on Bitcoin, is particularly well positioned to benefit from the fourth Bitcoin halving set to occur by April 20, when the new supply of Bitcoin will reduce by half. The new price target for MicroStrategy reflected his assumption Bitcoin would reach $150,000 by the end of 2025. Also Read: MicroStrategy’s Bitcoin Surge: How a Tech Company Outpaces eBay and Delta in Market Cap Palmer initiated coverage on Feb. 27 based…